The First Northwest Bancorp expects to record an estimated one-time net tax charge of approximately $0.80 million to $1.1 million for the quarter ended December 31, 2017 primarily due to the revaluation of the corporation's deferred tax assets and liabilities consistent with the lower corporate tax rates enacted by the Tax Legislation. Under this methodology, the estimated second quarter earnings impact will be approximately $0.08 per diluted share based on approximately 10.68 million second quarter weighted average diluted shares and the estimated tangible book value impact will be approximately $0.09 per share at December 31, 2017. The charge will be recorded as a one-time increase to the provision for income taxes and in addition to the normal provision for income taxes related to pre-tax operating results.